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New home construction IS both useful and useless. Useful in the sense that it provides more homes for people but useless because with the bad economy no one can even afford these new homes.

Additionally, it becomes useful in times when the market is booming and a lot of people are looking for newly built homes that they can afford. However, it can become a bad idea if one is investing and building a home in an unstable economy that have high risk or getting at nothing.

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